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Issue Open Date
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26-Mar-24
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Issue Closing Date
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28-Mar-24
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Application Money
|
100
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Allotment Money
|
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Price Band
|
95
-
101
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Minimium Application No.
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1200
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Issue Size (Shares)
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6282000
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Market Lot
|
1
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Objective
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1) To Setup additional Development facility, instalment of fit outs and interior design works in Nagpur, Maharashtra.2) Investment in procuring hardware and upgrading IT infra;3) Funding of expenditure related to enhancement, maintenance and upgrading existing Product;4) To meet out the Global & Domestic Business Development, Sales and Marketing expenses for the company; and5) General Corporate Expenses
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Category
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No. of Shares
|
No. of Shares
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Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
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|
Non-Institutional Investors
|
|
219175200
|
|
|
Qualified Institutional Buyers
|
|
77982000
|
|
|
Retail Individual Investors
|
|
156799200
|
|
|
|
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|
Business Description
Trust Fintech Limited is a Nagpur based SaaS Product focused company which has carved a niche in providing Core Banking Software, IT Solutions, ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services for the BFSI sector. TFL was founded by Mr. Hemant Chafale, Mr. Heramb Ramkrishna, Mr. Mandar Kishor Deo with a focus on delivering secured core banking solutions & world-class technology solutions to a virtually integrated banking and financial eco-system. The company has evolved in the last 25 years and adapted to the technological and market shifts to reach the current business model and product version. Trust Fintech is consistently expanding its business footprints in India and Globally by adapting to ever-changing regulatory compliances for the global BFSI sector.
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Promoter's Holding
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|
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Total Share Capital
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16404717
|
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Offered to Public
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6282000
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|
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Promoter's Holding (Pre-Issue)
|
93.51
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Promoter's Holding (Post-Issue)
|
68.85
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Address |
Plot No.11/4
I. T. Park
Gayatri Nagar
Parsodi
Nagpur,
Maharashtra,
440022
Phone : 9909647348
Email : cs@softtrust.com
Website : www.softtrust.com
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Registrar |
Bigshare Services Pvt Ltd
Office No S6-2
6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (E)
Mumbai
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Listed at |
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NSE
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Lead Manager |
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Corporate Capital Ventures Pvt Ltd.
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Promoters |
Anand Shankar Kane
Hemant Padmanabh Chafale
Heramb Ramkrishna Damle
Mandar Kishor Deo
Sanjay Padmanabh Chafale
|
|
